First Abu Dhabi Bank issued the 1st bond earmarked for nuclear power generation project
On Tuesday 2nd September 2025, First Abu Dhabi Bank (FAB) priced a USD750m 5-year Reg S only Low Carbon Energy Bond off its USD20bn Euro Medium Term Note (EMTN) Programme – globally the first nuclear use of proceeds bond issued by a financial institution.
Proceeds from the issuance will be used exclusively to refinance Eligible Nuclear Power Generation Projects in line with FAB’s Sustainable Finance Framework.
FAB is the largest bank in the United Arab Emirates and the second largest bank in the Gulf Cooperation Council (GCC) by total assets. It is listed on the Abu Dhabi Securities Exchange with a market capitalization of USD41.57bn as of March 31st, 2025.
Crédit Agricole CIB acted as Joint Bookrunner and Sole Sustainability Structuring Advisor on this transaction.
Crédit Agricole CIB has differentiated itself by identifying an innovative way for FAB to refinance an existing exposure to nuclear power generation through green bond markets; leveraging the bank’s expertise in sustainable finance globally to deepen its longstanding relationship with FAB, and to position Crédit Agricole CIB at the forefront of the energy transition in MENA.
Sarya Kudsi
Head of Sustainable Investment Banking, MEA
Crédit Agricole CIB continues to be at the forefront of sustainable finance, being able to bring issuers and investors together through unique financing solutions. This world first transaction is a testament to the strength of our ESG DCM franchise.
Dyan Kannangara
Head of Debt Capital Markets MEA
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